Sky City Initiative

Analysis

Sky City Initiative is a registered charity in United States, based in Maryville, TN. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sky City Initiative reported income of $147k and spending of $182k, spending 124% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $94k to $147k (+57%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sky City Initiative sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within TN. Charities of a similar size with the same main cause include Downtown Bedford Inc ($147k), Ducker Road Community Involvement & Council ($147k) and Masters Commission Inc ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $49k (27% of expenses). At year end it held assets of $50k against liabilities of $700, net assets of $49k. It reported 1 employees.